Saudi Aramco is reportedly seeking to extend a $10-billion loan, according to Reuters, which cited unnamed sources familiar with the matter, who confirmed an initial report by a Reuters-related news Continue Reading
With a new man in the White House, Iraq’s Prime Minister, Mustafa al-Kadhimi, appears to believe that Iraq can begin a completely new cycle of playing off the U.S. against Continue Reading
About two decades ago, The Economist [infamously] dubbed Africa as the “Hopeless Continent”, claiming that the new millennium had brought more disaster than hope to Africa with threats of famine Continue Reading
About two decades ago, The Economist [infamously] dubbed Africa as the “Hopeless Continent”, claiming that the new millennium had brought more disaster than hope to Africa with threats of famine Continue Reading
Indian officials are investigating whether cyberattacks from China could have been behind a blackout in Mumbai last year. State officials in Maharashtra, of which Mumbai is the capital, said Monday that Continue Reading
Venezuela oil exports dropped in February after the U.S. sanctioned key trading houses and individuals that had been propping up exports of the commodity that bankrolls President Nicolas Maduro’s regime. Crude Continue Reading
Vietnam is poised to actively venture into Africa to secure a regular dose of light and medium sweet crude supply for the coming years, as the country’s domestic crude production Continue Reading
A Biden administration plan to work with allies to confront China is being put to the test as the U.S. tries to rally countries with sometimes different interests to pursue Continue Reading
The Biden Administration’s decision to throw out the Trump White House’s method for calculating the social cost of carbon was one of the first tangible actions on the president’s lengthy Continue Reading
There are few places to purchase a home in the U.S. that have a greater risk of flooding than on the coast of Florida. But sellers needn’t lose sleep over Continue Reading
U.S. freight railroads are trying to take advantage of a train enthusiast president who’s concerned about global warming with a lobbying campaign depicting their industry as a solution to climate Continue Reading
Exxon Mobil Corp. XOM 3.73% added two new directors to its board Monday, as the beleaguered energy company tries to fend off calls for change from a pair of activist investors. The Texas oil Continue Reading
Texas’s largest electric-power cooperative filed for bankruptcy, saying it is overwhelmed by the more than $2.1 billion in sudden bills stemming from the extreme winter weather that blanketed the state Continue Reading
“The decade of geothermal” is a phrase that is becoming increasingly common in media and energy industry gatherings as the international zero-emission push comes to include one of the most Continue Reading
As thousands of oil and gas jobs disappeared during the oil price and demand crash last year, more and more former oil workers moved to jobs in the clean energy Continue Reading
Volvo’s entire car lineup will be fully electric by 2030, the Chinese-owned company said on Tuesday, joining a growing number of carmakers planning to phase out fossil-fuel engines by the Continue Reading
Exxon Mobil Corp. shareholders should reject activist investor Engine No. 1’s proposals at the company’s annual meeting, the oil giant said Monday in a preliminary proxy filing. The company said shareholders should Continue Reading
The oil industry’s top lobbying group is preparing to endorse setting a price on carbon emissions in what would be the strongest signal yet that oil and gas producers are Continue Reading
US-based engineers have joined forces to develop high-voltage reference batteries for behind-the-meter energy storage applications, based on a bipolar technology that uses silicon wafers in traditional lead batteries. The wafers Continue Reading
Russia last month pumped below its OPEC+ oil-output target for the first time since the historic curbs began last May, failing to take full advantage of a more generous quota. The Continue Reading
Crude oil futures surged during the mid-morning trade in Asia March 1, with the oil market reversing the previous session’s losses as risk-on sentiment gripped the markets following the US Continue Reading
Oil demonstrated its resilience in the week’s opening session, rebounding from the biggest slump since November ahead of a key OPEC+ meeting that may see some supply returned to a Continue Reading
Oil prices rebounded more than $1 on Monday after the U.S. House of Representatives passed a huge stimulus package, although a slowdown in China’s February factory activity growth capped gains. Continue Reading
The world’s largest oil companies are set for a cash flow bonanza this year, probably at record levels, as massive cost cuts in the wake of the 2020 oil price Continue Reading
Collapse is a frightening subject. The question of why collapse occurs is something I have pieced together over many years of study from a number of different sources, which I Continue Reading
The pandemic has opened a new era for vaccines developed with gene-based technologies, techniques that have long stumped scientists and pharmaceutical companies, suggesting the possibility of future protection against a range of Continue Reading
From trading houses in Geneva to Wall Street banks, much of the oil world agrees that global markets could use some more barrels. The big question is whether OPEC+ will provide Continue Reading
Iran rejected a European Union offer to hold direct nuclear talks with the U.S. in the coming days, risking renewed tension between Tehran and Western capitals. Senior Western diplomats said Continue Reading
The chance of OPEC and its allies agreeing to increase crude output by 1.5 million b/d for April will hinge on a successful rollout of the COVID-19 vaccines and its Continue Reading
With Tehran escalating its nuclear activities in recent months in breach of the 2015 nuclear deal, the U.S. conducting airstrikes on Iranian-backed militias in Syria , and Iranian presidential elections Continue Reading
Iran has rejected an early meeting with the United States and the other signatories to the Iran nuclear deal, according to Iranian and Western officials. Because of “recent positions and Continue Reading
Fuel pump. Many filling stations in Abuja, Lagos, and other cities did not open for business. Nigerians were at the weekend thrown into confusion as fuel scarcity hit Lagos, Abuja, Continue Reading
Some local communities in Beijing have started giving COVID-19 vaccine doses to people older than 60, even as the city’s disease-control authorities publicly advises this age group against inoculation. In Continue Reading
China’s use of coal in its energy mix continued to decline in 2020, but more aggressive measures may be needed to reduce emissions in order to meet Beijing’s climate goals. Continue Reading
China’s manufacturing recovery weakened for a third month in February as exports and new orders declined, according to two surveys released Monday. A monthly purchasing managers’ index issued by a Continue Reading
China may have blunted the pandemic’s impact on its economy, but a shortfall in babies is clouding its growth horizon. In the short term, the Chinese economy looks comparatively strong —helped Continue Reading
Steve Chuang’s Hong Kong-based electronics manufacturing company has enjoyed steady demand from the US and Europe over the past year. But, like many Asian exporters, he is struggling to get Continue Reading
Early last summer, Chinese and Indian troops clashed in a surprise border battle in the remote Galwan Valley, bashing each other to death with rocks and clubs. Four months later and Continue Reading
China’s crude throughput in March is expected to ease from seven-month highs seen in February, as refiners embark on a much-delayed maintenance spree after postponing them last year in the Continue Reading
China’s economic recovery slowed in February as factories shut during the Lunar New Year holidays and virus restrictions dampened what’s usually a busy travel season. The official manufacturing purchasing managers’ Continue Reading
China’s factory activity expanded in February at a slower pace than a month earlier, hitting the lowest level since last May and missing market expectations after brief COVID-19-related disruptions earlier Continue Reading
Jennifer Granholm, who was confirmed as secretary of energy by the Senate on Thursday, takes over a department with a $35 billion budget for an administration that has enthusiastically promoted Continue Reading
Unless you’ve been living under a rock for the last few weeks, you’ve most likely been inundated with all kinds of new stories and finger-pointing social media diatribes about Texas’ Continue Reading
U.S. crude oil production fell in December to an average 11.063 million barrels per day, according to the Energy Information Administration’s latest monthly report . U.S. crude oil production fell Continue Reading
For the almost two decades of its existence as an independent system operator, only electricity wonks, neo-liberal economists and systems engineers talked about ERCOT (the Electric Reliability Council of Texas). Continue Reading
Former U.S. Secretary of State Mike Pompeo took the stage at the world’s largest energy conference in 2019 to declare an age of U.S. dominance after a decade of rapid Continue Reading
Texas’s largest and oldest electric power cooperative on Monday filed for bankruptcy protection in federal court in Houston, citing a disputed $1.8 billion bill from the state’s grid operator. Brazos Continue Reading
A steady decline in new coronavirus cases in the United States appears to have stalled in recent days, public health officials said, warning that new, more transmissible variants could be Continue Reading
Germany announced Sunday that travelers from France’s northeastern Moselle region will face additional restrictions because of the high rate of variant coronavirus cases there. Germany’s disease control agency, the Robert Continue Reading
View full article at www.wsj.com
